Originally posted by rs7
Perhaps I am just misinterpreting what is being discussed here. Are you guys talking about having charts available to you after the markets are closed? Or are you talking about actually charting pre and post market trades?
If the later, then I really don't see any value (other than globex) to after hour charts. Time and sales should be more than adequate. What purpose does a chart serve for something that is trading after hours? Seems to me that just watching an issue trade should give you the "feel" you need. Any dramatic action in the after market is virtually always news related. I would think that you would be so much more concerned with a good news feed and dependable T&S reporting if you wish to participate in those kinds of trades. Seems to me that a chart has very little value after hours. I have reuters/quotron charts. They stop at 4 eastern. It never occured to me that I was missing something when they stopped. And I certainly have traded plenty both pre and post market hours.
A bad price on an ECN stands during non market hours. So if one trader gets a bad fill, then any averages would be skewed and meaningless in a chart for that time. I just don't understand the value.
If you can explain, I am always willing to learn something new.
Thanks,
RS7